RBI today released its framework for Payment and Settlement Systems, with a view to moving towards “less-cash” society and ensuring access of mobile banking services to even basic phone users. The Vision-2018 reiterates commitment of RBI to encourage greater use of electronic payments by all sections of society so as to achieve a “less-cash” society, […]
FarEye, a logistics management software provider, today said it has raised USD 3.5 million (Rs 20 crore) from SAIF Partners. The series A funding will be used for business expansion to other territories, FarEye said in a statement. There is a strong road-map of product enhancement for next 12 months and new features will be […]
High-speed network 4G has become immensely popular in China as the number of its users shot to 530 million in Q1 this year, exceeding the number of 4G users in the US and Europe put together, a senior official said today. China has the worlds largest 4G network, covering all cities and major towns, Chen […]
A new mobile app, Nanu, has started offering free calling service, including on mobile numbers and landline connections — a facility on which private telecom operators have raised objection before sector regulator Trai and government. “If you read the Indian Telegraph Act, you can interpret that every form of data transmission over the internet, which […]
As far back as I can remember I always wanted to become a globetrotter for whom the journey is more important than the destination. But the society advised me that uprooting my life to do so would stray me from the old path to success. And so, I settled for a ‘responsible’ path to adulthood: […]
The Proverb of Old is Gold seems true in the case of India’s largest e-commerce company Flipkart. Under new CEO Binny Bansal, Flipkart re-appointed Mr. Kalyan Krishnamurthy as head of categories. Before explaining anything about Flipkart re-joining strategy kindly read our previous report to get more clarification. Kalyan Krishnamurthy an executive at Flipkart’s largest investor Tiger Global […]
ClearTax , an online tax returns filing platform has raised another $12 million (Rs 80 crore) from SAIF Partners. The new round of funding will use to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes. Also as part of the deal , managing partner at SAIF, has joined […]
American multinational technology company Yahoo Inc. has announced the shutting down of its chat service Yahoo Messenger from August 5 this year. However, the company has asked all its users to move to the new version of the Messenger, introduced last year. “In December of 2015, we announced a brand new Yahoo Messenger for mobile, […]
MobiKwik, the largest independent mobile payments company in India has launched eKYC for its users. eKYC is RBI approved, paperless process for fulfilling KYC requirements that will allow MobiKwik users to upgrade their wallet with Aadhaar card in real time. Once a user requests eKYC on the app, a company representative will reach the user’s […]
E-commerce giants unanimously agree that more than 50% of their transactions happen on mobile devices and the figure is expected to reach more than 70% by 2019. Amid the advent of cheap data plans, increasing broadband connections and plummeting prices of mobile devices, the users’ engagement like push notifications on mobile is higher than yesterday. […]
Government has banned 240 websites offering escort services on the recommendation of an expert committee under the Ministry of Home Affairs. “The order to block 240 escorts websites was issued to internet service providers on Monday on recommendations made by an expert committee under the Ministry of Home Affairs,” an IT Ministry official said. He […]
On Monday, Microsoft Corp acquired LinkedIn Corporation for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash deal. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder […]